Wen Shandai disclosed 500 debt transfer projects, and the discount rates of these debt transfer projects were all higher than 50. Among them, 481 projects have no interest. If it is difficult to convert debt, investors can also choose to pay the debt in kind.
Currently, Wenshangdai has disclosed 500 debt transfer projects, and the discount rates of these debt transfer projects are all higher than 50. Among them, 481 projects have no interest. If it is difficult to convert debt, investors can also choose to pay the debt in kind.
Routine 1: Debt repayment with goods from affiliated companies
For Wen Shang Dai lenders whose debt principal is between 50 yuan and 5,000 yuan, debt replacement can be initiated. Lenders can exchange all the debts they hold and exchange the debts in equal amounts at a ratio of 1:1 to the exchange currency of the mall in exchange for corresponding goods.
In the small debt swap mall, a large number of Xiaolangqiao brand wines are sold. These wines are produced in Taishun, Wenzhou, and the brewing company is Wenzhou Gurangqiao Liquor Co., Ltd.
Industrial and commercial information shows that Hu Qifeng, the founder of Wenshangdai (Shanshan Wenshangdai Internet Financial Services Co., Ltd.), is the legal person and major shareholder of Lishan Investment Group Co., Ltd. Lishan Investment Group, through Zhejiang Yuantai Agriculture Co., Ltd., takes a stake in Wenzhou Gurangqiao Liquor Co., Ltd.
Through equity penetration, Hu Qifeng holds 70% of Wenshangdai’s shares and 42% of Gulangqiao Liquor Industry.
On Pinduoduo, 6 bottles of glass-packed Gulangqiao Wine 52% liquor sells for 129 yuan, which is about 21.5 yuan per bottle, which is similar to the price of the same product on Wenshangdai Mall.
If there is a market for Gulangqiao wine, Wenshangdai investors can become dealers and sell the wine to make money. The author contacted a Gulangqiao wine seller with good sales, and the other party replied that "the owner is out for business." As of press time, the owner "has not returned yet."
Wen Shangdai is destocking and digesting debts at the same time, killing two birds with one stone.
The creditor was drowning his sorrows in wine while working as a second-rate dealer, bursting into tears.
Routine 2: The debtor company falsely marks the price of the product
Ai Investment Lenders can redeem "Huan coins" equal to the creditor's rights, and the "Huan coins" can be exchanged for barter items. Purchase products directly from the mall.
The "Change Exchange" mall sells a canned yellow peach in sugar water called "Huasheng" brand. The outer packaging has the words "Hubei Province Famous Brand Product" and "Xianxian Huangtao from Laohuangkou" Base" and other words. Twelve cans of 820g yellow peach cans sell for 230 "huan coins", equivalent to 230 yuan.
In the online trademark search system, the author found that many companies that registered this trademark have the possibility of producing canned yellow peaches. Among them, only Laohekou Huasheng Food Co., Ltd. meets the requirements of "Hubei Provincial Trademark" and "from Laohekou".
In the "Food Safety Supervision and Sampling Inspection Information Announcement (2017 Issue 16)" released on the official website of the Hubei Provincial Food and Drug Administration, Laohekou Huasheng Food Products failed to pass the supervision and sampling inspection. The author has not found any trace of Huasheng brand yellow peach jars on Taobao, Pinduoduo and other mainstream e-commerce stores.
On Pinduoduo, the same 820g yellow peach jar produced in Laohekou sells for about 10 yuan per jar. According to information provided by investors, the wholesale price of 12 cans of yellow peach cans is 80 yuan. Even including postage, the price of a single can is at most 10 yuan.
The goods to pay off the debt should be paid at a discount, but the price of Huasheng's yellow peach jars doubled. This product is extremely controversial, with a large number of Ai Investment creditors opposing the listing of this product.
On March 14, 2019, Ai Investment posted a post on its forum "About whether 'Canned Yellow Peach' will continue to be put on the shelves." The post mentioned that the canned yellow peach was a debt-repaying product of Hubei XX Enterprise, and the collection staff reported that the debt-repaying price of the enterprise was 180 yuan/box (postage not included)... During this period, some lenders directly contacted the person in charge of the enterprise The other party’s price for other channels is 100 yuan/box (postage not included). At present, there are still 2 tons of this product in stock (it can still be purchased in the future). At present, everyone needs to vote on whether to remove the cans from the shelves, readjust the price and inspect the quality of the cans.
The voting ends at 17:00 today.
More than 86 creditors did not agree to put the product on the shelves and demanded renegotiation and price adjustment.
Routine 3: OEM manufacturers combine harvesting
As early as 2017, the prescient Yundebao wrote a letter to the P2P boss.
The letter reads: "The P2P industry has entered a difficult stage. Industry standards are becoming more and more stringent. The upcoming industry license is even more out of reach. There is no hope for further progress. Taking a step back, it turns out that The company has spent a huge amount of money on promotion and advertising. It’s hard to tell how many months it can last. It has to describe its vision in front of its employees. The financial director sent another text message saying that it is running out of funds. It means running away, going bankrupt, and accepting legal sanctions. ?What should we do?”
The implication is “Look for Yundebao quickly.”
As Yundebao expected, the P2P platform struggled in 2018. After the thunderstorms broke out on many platforms such as Chongqing Financial Institution and Jinjindai, they connected to the Yundeobao Mall to repay debts with objects.
Earlier, Yunbonbao launched a massage chair.
The massage chair has the same style as a product in Minaidai.com.
Taomeng Mall, which has Rongwang access, can pay debts with things. The Louis Face products sold in this mall also appear in Minaidai Mall.
Louis Feisi is an OEM trademark, and the manufacturer has opened a store on JD.com. Opening a store is not to sell goods, but to set prices. The products in the Louis Face JD flagship store are about 10 times more expensive than similar products, and most of them have 0 reviews.
Out of trust in JD.com, the victim believed that the price of the product in the debt-for-debt mall was not very different from the price on JD.com. In order to recover the funds earlier, the victim had no choice but to exchange for products from the mall. As everyone knows, these products are too expensive even at a discount.
Different debt-for-deposit malls are filled with a large number of similar and identical OEM products. This is no coincidence! Paying off debts with things has become a gray industrial chain. OEM goods used to pay off debts are sold on JD.com with false prices of 10 times. These high-priced goods are connected to the platform's debt-for-debt mall to defraud victims.
People like Minaidai have no conscience at all and collude with OEMs to harvest victims. For details, please see "This platform's physical redemption price is 10 times higher, is it a discount for investors?"
The method of paying debts with things is not clever, but investors are eager to recover their losses and exchange in a hurry, even Fall into a platform trap.
Investors need to be careful about the plan to pay off debts with things. Investors can select some big-brand products and compare prices on mainstream e-commerce, provided that the sales of these products on mainstream e-commerce are good. If the premium is within an acceptable range, exchanging debt in kind is still a viable option.